KT Co. (NYSE:KT) Stock Holdings Lifted by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of KT Co. (NYSE:KT) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 535,181 shares of the technology company’s stock after acquiring an additional 40,341 shares during the period. National Bank of Canada FI’s holdings in KT were worth $8,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of KT during the fourth quarter valued at approximately $36,000. Principal Securities Inc. grew its position in KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. GAMMA Investing LLC grew its position in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after purchasing an additional 2,902 shares in the last quarter. Global Retirement Partners LLC raised its stake in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after purchasing an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after purchasing an additional 2,181 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, UBS Group initiated coverage on shares of KT in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock.

KT Price Performance

KT opened at $17.33 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.74. The stock has a fifty day moving average price of $17.55 and a 200 day moving average price of $16.52. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.37 and a beta of 0.95.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.